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Nigeria’s NNPC winding down crude oil swap contracts, CEO says

ABUJA, June 4 (Reuters) - Nigeria's state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for...

Autogas stalls as NNPC, marketers bicker over N500b debt, pro rated fuel cost 

This is coming as the Federal Government’s autogas plan, piloted by the NNPCL and expected to have led to at least two million gas-fired...

Dangote refinery will contribute significantly to Nigeria economy growth- MOMAN

By Yusuf Yunus Mr Clement Isong, Chief Executive Officer(CEO), Major Oil Marketers Association of Nigeria (MOMAN), says Dangote Refinery through its production and ancillary industries...

Expectations about Dangote Refinery inauguration are Extremely Exaggerated

By the Editorial Board of Africa Oil+ Gas Report The ceremony around the planned visit by the Nigerian President to the Dangote Refinery on May...

PENGASSAN Clarifies Stand On Petrol Subsidy Removal

Port Harcourt — The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN has clarified that the union was not against fuel subsidy removal,...

Nigerian Authorities Hopeful After Massive Oil Theft Busts

By Timothy Obiezu Abuja, Nigeria — The Nigerian National Petroleum Corporation says that weeks of an intense crackdown on oil thieves have significantly reduced the...

Theft hurts Nigeria´s oil output but crackdown intensifies

ABUJA, Nigeria (AP) - Nigeria is losing 470,000 barrels of crude oil per day to theft and pipeline vandalism, regulators say, and has now...

Nigeria Drops to Africa’s 4th Largest Oil Producer, OPEC Reports

Abuja, Nigeria —  Nigeria is facing a record reduction in oil production, oil cartel OPEC reports, dropping from the first largest producer in Africa to...

Fuel subsidy: Steps for incoming administration

The unending challenge of fuel subsidy, long fuel queues and the attendant overwhelming corruption associated with the subsidy has defied common sense and the...

Our members not responsible for distortion of LPG market – MOMAN

The Major Oil Marketers Association of Nigeria (MOMAN) says its members are not responsible for activities distorting the Liquefied Petroleum Gas (LPG) market and...

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